Technology

Fannie Mae has confirmed that it’s looking to outsource at least some of its technology chores to third-party vendors and sent out a “request for proposal” but isn't saying much beyond that.

Mortgage Technology magazine will again recognize innovative technology developers and the lenders that benefit from those advances with its Top Service Providers and Tech Savvy Lenders awards. These recognitions have a long tradition in the mortgage finance and technology industries and are among the most coveted awards in the space.

When Toronto-based Davis Henderson Corp. agreed to acquire online lending specialist Mortgagebot from Spectrum Equity Investors for a cash price of $231.8 million, the deal drew applause at a time when many mortgage technology deals have amounted to distress sales.

Richard Neiman believes regulators may step in and provide guidance to mortgage servicers on their use of the Mortgage Electronic Registration Systems.

The head of a county land registry in Massachusetts is requesting his office close its deposit account with Bank of America in protest of the bank's affiliation with MERSCorp Inc., which runs the Mortgage Electronic Registry Systems.

A group of funds managed by Boston-based Highfields Capital Management increased its stake in mortgage technology and services vendor Lender Processing Services to 5.2% of common stock, according to new documents filed with the Securities and Exchange Commission.

As the industry copes with the “new normal,” mortgage lenders have three goals in mind when it comes to how they invest in information technology—compliance, managing economic cycles and expanding market share.

It’s no secret that mortgage technology providers Calyx Software and Ellie Mae are fierce competitors. It’s not uncommon for the two vendors to battle for the same lenders’ loan origination system business and the two companies have a long and complicated history, including a copyright infringement lawsuit filed by Calyx that settled out of court by Ellie paying Calyx an “undisclosed sum” in late 2005.

It’s no secret that mortgage technology providers Calyx Software and Ellie Mae are fierce competitors. So when each company recently purchased a product and pricing engine vendor, questions quickly came up about the two companies' new mutual customers.

Mortgage technology vendor Ellie Mae on Tuesday priced its initial public offering, laying out plans to raise between $40 million and $60 million.